Energy
Government Announces Petrol and Diesel Price Hike
The federal government has announced a significant increase in fuel prices, raising petrol by Rs14.92 per litre and high speed diesel (HSD) by Rs15 per litre.…
Energy
Energy
Upstream Oil and Gas Deal Value Drops Amid Price Uncertainty
The global upstream oil and gas sector experienced a significant decline in deal value in March 2026, according to industry data from Rystad Energy. Despite a…
Energy
Iraq Denies U.S. Claims of Deputy Minister Aiding Iran Oil Sales
Iraq’s Oil Ministry has firmly denied allegations from the United States accusing its deputy oil minister of facilitating the sale of Iraqi crude oil mixed with…
Energy
Water Scarcity Emerges as Key Risk in Global Energy Sector
Water scarcity is increasingly recognized as a significant risk factor in the global energy industry, impacting various sectors from oil and gas extraction to power generation…
Energy
Global Jet Fuel Exports Fall to 10-Year Seasonal Low in April
Global jet fuel exports experienced a significant decline in April, reaching a seasonal low not seen in the past decade. This drop highlights ongoing changes in…
Energy
Trump Faces Oil Market Challenges Beyond Strait Control
Former US President Donald Trump’s strategic interests in global energy security extend beyond controlling geopolitical chokepoints such as the Strait of Hormuz. Analysts suggest he must…
Energy
Venezuela Secures Billion-Dollar Oil Deals as Industry Returns
Venezuela has recently finalized a series of lucrative oil agreements worth billions of dollars, signaling a notable resurgence of international energy companies in the country’s oil…
Energy
Canada’s Oil Sector Poised for Significant Growth
Canada’s oil and gas industry is on the cusp of a notable expansion, benefiting from favorable market conditions and global energy demand shifts. Recent trends indicate…
Energy
Sindh’s Faiz X-1 Oil and Gas Well Revived After 12 Years
Pakistan Petroleum Limited (PPL) has successfully restarted production at the Faiz X-1 oil and gas well in Ghambat, Sindh, after it was sealed for 12 years.…
Energy
Investigation Launched into $7 Billion Oil Market Bets
Authorities have initiated an investigation into approximately $7 billion worth of oil trading positions due to concerns over potential market manipulation and irregular trading activities. The…
